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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: Cannvas MedTech (CSE: MTEC) (OTCPK: CANVF), The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) and Cronos Group (NASDAQ: CRON) (TSX: CRON)

 

Delta, Kelowna, BC - March 8, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/030819-StocksToWatch.mp3

Investor Ideas Potcasts #Cannabis News and Stocks on the Move: Cannvas MedTech (CSE: MTEC) (OTCPK: CANVF), The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) and Cronos Group (NASDAQ: CRON) (TSX: CRON)

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Today's podcast overview/transcript:

Good afternoon and welcome to another Investorideas.com "potcast", looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.

Today we are looking at announcements from Cannvas MedTech Inc. (CSE: MTEC) (OTCPK: CANVF), The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) and Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON).

Cannvas MedTech Inc., a leading digital cannabis education and analytics company, and Ellementa, Inc., the fastest-growing global women's network focused on health, wellness, and cannabis, announced a partnership leveraging each organization's educational content and data collection to better serve women across North America interested in the potential health benefits of cannabis. With 35% of women consumers using cannabis for medical reasons, Cannvas.Me data shows health and wellness issues are primary reasons why women explore cannabis as an alternative treatment.

"Women report higher rates of conditions potentially alleviated by cannabis - such as pain management, stress and anxiety - strengthening the need for targeted education focused on women's issues and cannabis," said Shawn Moniz, Chief Executive Officer, Cannvas MedTech. "Ellementa has established itself as the leading cannabis network for women across the United States and Canada and we look forward to sharing our resources to deliver targeted cannabis education while combining data assets to paint a clearer picture of cannabis consumption among women."

The partnership between Cannvas and Ellementa position the companies to delve deeper into data collected on their respective audiences to better understand and serve North American women who are exploring cannabis as a health and wellness option. Women are among the fastest-growing customer segments in the cannabis industry, accounting for approximately 31% of the U.S. market. In Canada, according to Cannvas.Me, more women than men are trying cannabis for the first time, nearly half of whom report exploring cannabis as a medical or therapeutic treatment.

The Supreme Cannabis Company, Inc. today announced that the Company has appointed Mr. Nikhil Handa as the Company's new Chief Financial Officer. Current Chief Financial Officer, Dimitre Naoumov, will become the Company's Vice President, Finance.

As the Company continues to grow and execute on its business plan, Supreme Cannabis is realigning the leadership of its finance department to further accelerate its international and domestic growth initiatives. Mr. Handa, as CFO, will be responsible for the stewardship of Supreme Cannabis' finance department, with an emphasis on capital allocation planning, M&A, and transactional execution as the Company focuses on expanding operations and distribution of its premium cannabis products domestically and internationally.

Mr. Handa joins Supreme Cannabis with considerable cross-sector capital markets experience. Most recently he was the VP of Finance at Well.ca, a leading online destination for health, wellness, beauty and baby products. In that role he led the finance function, provided leadership across various aspects of operations and drove key strategic initiatives including the sale of Well.ca to McKesson Canada. Over the course of his career, Mr. Handa also held a variety of senior finance and operational roles at Restaurant Brands International, the fast food holding company created by the merger of Burger King and Tim Hortons and majority owned by 3G Capital. Additionally, he was a key member of the mergers and acquisition group of RBC Capital Markets.

Cronos Group Inc. today announced that the C$2.4 billion equity investment in the Company by Altria Group, Inc. (NYSE: MO) has closed. As previously announced, Altria's investment represents an approximate 45% ownership interest in Cronos Group. Altria also has a warrant to acquire additional ownership in Cronos Group, which is exercisable over the next four years. If exercised in full today, the warrant would increase Altria's ownership in Cronos Group to approximately 55% and provide Cronos Group with additional proceeds of approximately C$1.4 billion.

"We are delighted to close this transaction and kick-off a relationship that we expect to lead to significant growth and value creation," said Mike Gorenstein, Cronos Group's Chairman, President and Chief Executive Officer. "Altria's investment and the services they will provide to Cronos Group will enhance our financial resources, and allow us to expand our product development and commercialization capabilities, and regulatory expertise to better position Cronos Group to compete, scale and lead the rapidly growing global cannabis industry. We look forward to the many opportunities we expect this relationship to create."

"We're excited to finalize our investment in Cronos Group and to support their talented team," said Howard Willard, Altria's Chairman and Chief Executive Officer. "Cronos Group is our exclusive partner in the emerging global cannabis category and represents an exciting new growth opportunity for Altria."

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